SE Asia Stocks-Largely up; Malaysia hits 8-month closing low

By Aaron Saldanha

Nov 28 (Reuters) - Most Southeast Asian markets ended higher

on Tuesday while Malaysian shares hit a more than eight-month

closing low on continued profit booking in index heavyweights.

Following a heavy sell-off on Monday, Chinese shares

reversed early losses with the CSI 300 index ending up

0.2 percent. Shanghai's SSE Composite index closed up

0.3 percent.

MSCI's broadest index of Asia-Pacific shares outside Japan

was up 0.1 percent.

Malaysian shares slipped 0.3 percent to their lowest

close since March 3. Genting Bhd and CIMB Group

, down 2.1 percent and 0.7 percent respectively, were

the biggest drags.

Philippine shares fell broadly across sectors as

financials and telecom stocks weighed, with PLDT Inc

losing 4.5 percent.

"We are catching up with yesterday's movement in the rest of

Asia following China. I see the movement continuing till the end

of the year on foreign fund selling which is a normal seasonal

tendency," said Joseph Roxas, president at Manila-based Eagle

Equities.

The market should start picking up from January, he added.

Meanwhile, the index of Indonesia's 45 most liquid stocks

gained 0.5 percent. Bank Negara Indonesia (Persero)

Tbk, the biggest contributor, hit a more than

two-decade closing high.

The Singapore benchmark closed 0.1 percent higher as

gains in financials were largely offset by losses in

industrials. Oversea-Chinese Banking Corporation Ltd

closed at a record high.

Thai shares closed up 0.6 percent, buoyed by

industrial and consumer discretionary stocks.

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SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON THE DAY

Change on the

day

Market Current Previous Pct Move

close

Singapore 3442.35 3436.36 0.17

Bangkok 1706.52 1695.67 0.64

Manila 8291.88 8361.69 -0.83

Jakarta 6070.716 6064.589 0.10

Kuala Lumpur 1714.42 1719.86 -0.32

Ho Chi Minh 941.21 938.61 0.28

Change so far

this year

Market Current End 2016 Pct Move

Singapore 3442.35 2880.76 19.49

Bangkok 1706.52 1542.94 10.60

Manila 8291.88 6840.64 21.21

Jakarta 6070.716 5296.711 14.61

Kuala Lumpur 1714.42 1641.73 4.43

Ho Chi Minh 941.21 664.87 41.56

(Reporting by Aaron Saldanha, Additional reporting by Nikhil

Nainan; Editing by Vyas Mohan)